HITACHI

May 5, 2021

BSE Limited National Stock Exchange of India Limited

P.J. Towers Exchange Plaza, 5th Floor
Dalal Street Plot No. C/1, G Block
Mumbai 400 001 Bandra-Kurla Complex, Sandra (E)
(Atten: DCS Listing) Mumbai 400 051
(Atten: Manager Listing Department)

Dear Sirs

Subject: Presentation to be made to Analysts/ Investors on Wednesday, May 5, 2021 as per

Regulation 30 of Securities and Exchange Board of India (Listing Obligations and
Disclosure Requirements) Regulations, 2015 relating to Unaudited Financial Results
of the Company for the quarter ended March 31, 2021

Ref : BSE Scrip: 543187 (POWERINDIA) NSE Symbol: POWERINDIA

We are sending herewith a copy of presentation to be made to Analysts today, Wednesday, May 5,
2021 for the information of the Stock Exchanges.

You are requested to take the same on record.

Thanking you .

Yours faithfully,
For ABB Power Products and Systems India Limited

Ajay Singh
Chief Financial Officer

Encl: As above

ABB Power Products and Systems India Limited CIN: L31904KA2019PLC121597

Registered Office & Corporate Office https://www.hitachiabb-powergrids.com/
8th Floor, Brigade Opus, 70/401,
Kodigehalli Main Road, Bengaluru-560 092
Phone: +91 80 22041800

HITACHI ABB POWER GRIDS

I PUBLIC
HITACHI
l

Q1 2021 – Analyst Call

ABB Power Products and Systems India Ltd.

POWERING GOOD FOR SUSTAINABLE ENERGY HITACHI ABB POWER GRIDS

2021-05-05 © Hitachi ABB Power Grids 2021. All rights reserved
Important notices HITACHI Jl 1111
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This presentation includes forward-looking information and statements including statements concerning the outlook for our businesses. These
statements are based on current expectations, estimates and projections about the factors that may affect our future performance, including global
economic conditions, and the economic conditions of the regions and industries that are major markets for ABB Power Products and Systems India
Ltd (“APPSIL”). These expectations, estimates and projections are generally identifiable by statements containing words such as “expects,”
“believes,” “estimates,” “targets,” “plans,” “outlook” or similar expressions.
There are numerous risks and uncertainties, many of which are beyond our control, that could cause our actual results to differ materially from the
forward-looking information and statements made in this presentation and which could affect our ability to achieve any or all of our stated targets.
The important factors that could cause such differences include, among others:
– COVID-19 crisis associated disruption risks
– business risks associated with the volatile global economic environment and political conditions
– costs associated with compliance activities
– market acceptance of new products and services
– changes in governmental regulations and currency exchange rates, and
– such other factors as may be discussed from time to time in APPSIL’s filings with the Securities and Exchange Board of India (SEBI), including
its Annual Report.
Although APPSIL believes that its expectations reflected in any such forward-looking statement are based upon reasonable assumptions, it can give
no assurance that those expectations will be achieved.

HITACHI ABB POWER GRIDS

© Hitachi ABB Power Grids 2021. All rights reserved 2
Safety: Our license to operate HITACHI ,~II

12 mn safe man hours in Grids and Power Quality Protect our people – three focus areas
Solutions (substation execution business)

INCIDENTS
12 Million Manhours
135 Project Sites
-

YEARS AND
COUNTING ...
89%+ of eligible employees have been vaccinated through
concerted efforts of crisis team

HITACHI ABB POWER GRIDS

© Hitachi ABB Power Grids 2021. All rights reserved 3
Top-line stability despite COVID-19 headwinds HITACHI ,~II

Orders INR 848.9 cr

t 2.8% QoQ
• (9.1)% YoY Key order wins
▪ INR 117cr 400kV GIS substation order from
BALCO
Revenue INR 1,023.8 cr
• (1.9)% QoQ
t 26.2% YoY
▪ INR 160cr orders from rail customers
including Chittaranjan Locomotive and
PBT (before
exceptional items)
INR 53.7 cr t 16.6% QoQ t 29.5% YoY CORE
▪ INR 76cr order for transformers for Palkadul
Hydro project
PBT (after
exceptional items)
INR 53.7 cr • (28.9)% QoQ t 35.4% YoY
▪ INR 57cr order from BMRCL expansion
▪ INR 33cr transformer for Nepal Electricity
PAT INR 39.4 cr
• (28.3)% QoQ
t 34.9% YoY Authority
▪ INR 18cr order to power new age datacenter
Robust cash collection despite challenging market

~INR 135 crore of orders where ABB Power Products and

Systems India Ltd. was L1, have been deferred by customers
Company remains debt-free at close of Q1-21

HITACHI ABB POWER GRIDS

© Hitachi ABB Power Grids 2021. All rights reserved 4
Sustaining value creation in a challenging quarter HITACHI Jl 1111
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Energy & Digital World: Working through the INR 124 crore project win from BALCO – for Cyber security audit and implementation
energy transition by collaboration reliable power performance across distribution network in Mumbai

- / -tk·skG."'-.o..
: OUN'1 'ATION
Love of le.o.rV\t~9

Established Power Reliability Center – Ester-filled transformer commissioned for Social ecosystem partnerships like Sikshana –
accelerating digital adoption Tata Power – delivering environmental value Women in engineering
HITACHI ABB POWER GRIDS
© Hitachi ABB Power Grids 2021. All rights reserved 5
 EconiQ in action – Eco-efficient High Voltage Products HITACHI Jl 1111
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>50% reduction of CO2-equivalent emissions throughout the Gas-insulated

Game changing total lifecycle switchgear (GIS)
ELK-04, 145 kV
technology for SF6 Over a decade of innovation in eco-efficient technologies
alternatives to reduce
Based on reliable technology for gas circuit-breaker
environmental impact Live Tank
Breaker LTA
Longest field experience worldwide 72.5 kV

Scalable to ultra-high voltage for both interruption and insulation

Standard solution for the industry

Pioneered the world’s Live Tank
Breaker LTA 145
first high-voltage Future proof compliant to future environmental regulations kV

eco-efficient GIS as
an alternative to SF6 Life cycle assessment Eco-passive
elements for GIS
420 kV

SF6 circuit breaker

■ Material
Disconnecting Circuit
■ Energy Losses

• .l
Breaker (DCB) LTA,
72.5 kV and 145 kV
■
SF6 -free circuit breaker SF6

0 20 40 60 80 100%

1Lifecycle
HITACHI ABB POWER GRIDS
Assessment Lifetime of equipment: 30 years. Assumed gas leakage rate: 0.1 percent p.a. accumulated over a period of 30
years, 1 percent loss during handling, 1 percent loss during decommissioning. © Hitachi ABB Power Grids 2021. All rights reserved 6
 Jl 1111
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Markets & performance

HITACHI ABB POWER GRIDS

© Hitachi ABB Power Grids 2021. All rights reserved 7
2nd wave of COVID-19 threatens economic recovery HITACHI Jl 1111
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Macro-economic snapshot High Frequency Indicators*

Mar111dac urr11g PMI Holds steady
▪ COVID-19 Second wave in the country. Daily cases cross 380k mark and rising
▪ Supply chain disruption due to lockdown, night curfew and restriction on use of Oxygen
▪ Vaccination available for all above age 18 from May
..,
▪ India’s High-Frequency Indicators Plateau in 2021 after showing growth in Q4-20
▪ Oil prices remains high, and retail inflation rises to 5.52% in March
▪ Demand for electricity during evening peak hours rose 5% and overall demand E~Way Bill Collections Platea:u1
continues to be strong

-· -
h\.Y-o-Y

• "' ■
,,.,,.

Industry growth (IIP2) – Contraction in the Rupee appreciates ~3% against the USD in
first two months of the year last 12 months
INR vs EURO INR vs USD
■ Apr'19-Feb'20 ■ Apr'20 -Feb' 21

-- I
level Of Export!;!, Import!;! fl,1tten
1.0 1.9 1.8 $Rll~n
0.7

I I
88.0
%Change

-2.4 83.6
78.1

-------~-"'---------_,,,,,,,,,,,,.,---------------------~-
-9.6
-11.3 -11.4
-12.6
76.3
74.1
69.8
-23.5 Apr-2019 Apr-2020 Apr-2021
IIP Mining Manufacturing Electricity Capital Goods
HITACHI ABB POWER GRIDS
* Source: Bloomberg, PMI – Purchase Manager Index; 2-IIP – Index of Industrial Production; © Hitachi ABB Power Grids 2021. All rights reserved 8
Order distribution: Balanced across segments and channels HITACHI Jl 1111
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Q1-2021 Performance in Vision 2025 focus areas

SEGMENTS

Q1-2020
Renewables (Solar + Power Quality
Wind) Reliable power for all
Increased electrification of
0% 20% 40% 60% 80% 100% ~1 GW of cumulative solar orders
industries & transportation
catered for in Q1-21 with major
■ Products ■ Projects ■ Services order from JSW
,1/

Q1-2021
-0-
/ I '
\ii t
•
SECTORS

2021 vs 2020: 2021 vs 2020: .

Q1-2020

tt t
~- ~
0% 20% 40% 60% 80% 100% 2021 vs 2020: I 2020 vs 2020: .
■ Utilities ■ Industries ■ Transport & Infra

Q1-2021
CHANNELS

Datacenters Railways & Metros

India privacy laws Urbanization
Q1-2020 Remotely connected economy Freight corridors
Advent of 5G Net zero ambitions
0% 20% 40% 60% 80% 100%

■ Direct Sales ■ EPC ■ OEM ■ Distributor HITACHI ABB POWER GRIDS

© Hitachi ABB Power Grids 2021. All rights reserved 9
Orders and revenue normalize HITACHI

Orders reflects impact of one-time large orders in Q12020 Revenue up 26% yoy

Large
Lar-ge Orders*
Or-der s:t
969.8
847.0 1,023.8
898.0
848.9 866.5
908.0
811.0
282.0
670.1
26%

-9% -11%
6% 39%
-6%
12%
652.2
-25%

Q1/17 Q1/18 Q1/19 Q1/20 Q1/21

Q1/21
Q1/17 Q1/18 Q1/19 Q1/20 Q1/21
Q1/21

Disruptions across value chain remain a risk for coming quarter

HITACHI ABB POWER GRIDS

*• 117cr PGTR EI-Swedey
El-Swedey &
& 165 cr
er order of IOCL Baurauni © Hitachi ABB Power Grids 2021.
2021 All rights reserved 1Q
10
Services and exports maintain trend HITACHI Jl 1111
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Growth in service orders Exports reflecting dampening effect of COVID19

Digital connect: ▪ Supply of power transformers to Transeleca Colombia
▪ Order for 24/7 Phone Support for HVDC link in western India
▪ Substation package South African market including supply of
▪ Real-time remote technical support to T&D operators 220kV and 66kV power transformers
Enabling business continuity:
▪ Successful charging of bay extension project at cement major ▪ Order for 132 kV, 220 kV capacitor voltage transformers & 36 kV to
245 kV disconnectors for Nampower
▪ Successful completion GIS project involving 400 kV/220kV and
132 kV GIS for T&D operator
▪ Capacitors orders for power quality from central Bangladesh utility
Market wins:
▪ Life Cycle Automation Service orders from Oil & Gas majors ▪ Order for 220 kV altitude and tremor resistant circuit breakers &
disconnectors for Isotron, Chile
▪ Transformer Repair Order from Sembcorp & Tata Steel

Service and export orders continue to range in 15-20% of total orders

HITACHI ABB POWER GRIDS

© Hitachi ABB Power Grids 2021. All rights reserved 11
 Profit & Loss Statement HITACHI Jl 1111
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INR crore

12M 2020 Performance Indicator Q1, 2021 Q4, 2020 QoQ % Q1, 2020 YoY%

3,217.7 Total Orders Received 848.9 826 2.77 934.2 -9.13

4,954.8 Order Backlog (end of period) 4,777.7 4,954.8 5,192.2
3,438.9 Revenue 1,023.8 1043.7 (1.91) 811 26.24
171.8 Profit Before Tax (PBT) before exceptional item 53.74 46.1 16.57 41.5 29.49
28.1 Exceptional Item (customer receivables provision) (32.41) 0
7.4 Exceptional Item (demerger expenses) 2.93 1.8
136.3 Profit Before Tax (PBT) after exceptional item 53.74 75.58 (28.9) 39.7 35.37
5.0% PBT % before exceptional item 5.2 4.4 5.1
4.0% PBT % after exceptional item 5.2 7.2 4.9
99.8 Profit After Tax (PAT) 39.44 55 (28.3) 29.2 34.9
2.9% PAT % 3.9 5.2 3.6
194.5 Operational EBITA 75.89 65.9 15.16 56.6 34.08
5.7% Operational EBITA% 7.4 6.3 7.0

Zero-debt company as of March 31, 2020 CRISIL rating in January 2021

A1+ short-term facilities; AAA/Stable long-term banking facilities

HITACHI ABB POWER GRIDS

*Realization of old receivables previously provided for
© Hitachi ABB Power Grids 2021. All rights reserved 12
 Investing in our capabilities to expand and penetrate our markets HITACHI Jl 1111
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Traction Transformer expansion, Savli1 Capacitor expansion, Bangalore PowerREC - Remote reliability care
Transformer Bushing expansion, Increased localization in AIS & GIS feeder center, Bangalore
Maneja factories, Savli

Making in India for India, and the world

HITACHI ABB POWER GRIDS

1. Expansion Completed
© Hitachi ABB Power Grids 2021. All rights reserved 13
Navigating through the maelstrom HITACHI Jl 1111
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~
,,,, 0
-0-
,, I '
IQ\
0 0
:::r::- 0- 0
Growth levers Strategy Execution People
Rail, renewables, data centers Focus on high growth segments Continuous quality improvement Safety – drive vaccination,
reiterate COVID19 appropriate
Industries undertaking green Accelerate growth through Sustained cash focus behavior
transition services, digital solutions and
exports growth Lower carbon footprint of own Build diversity and integrity
Government infrastructure operations
investment; green corridors Targeted customer engagement Balance mix of competencies
– CXO meets, customer/industry Greater share of localized with strategy:
Digitalization of grid focus EDW content - Digital & software
- Services
Increased power consumption, - Energy automation
including from shift to virtual

HITACHI ABB POWER GRIDS

© Hitachi ABB Power Grids 2021. All rights reserved 14
Towards a carbon-neutral vision HITACHI Jl 1111
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01 Fast facts So what?

Accelerated shift from Electricity demand Digital and energy
fossil-based to renewable platforms are
Electricity power generation
will more than
needed…
triple by 2040*
will be the …to manage the
Electrification
backbone 02 improves energy
enormous power
system energy
Growing electrification of efficiency
of the Transportation, Industry
transition challenges:
and Buildings sectors All market sectors ▪ increased
entire converting towards complexity
electrification ▪ additional capacity
energy 03
system Sustainable energy
Energy sector-
coupling beneficial
for CO2e
carriers, complementary
to direct electrification reduction

HITACHI ABB POWER GRIDS

*NITI Aayog © Hitachi ABB Power Grids 2021. All rights reserved 15
 HITACHI ,.,1,1,
Jl It It

POWERING GOOD FOR SUSTAINABLE ENERGY HITACHI ABB POWER GRIDS

© Hitachi ABB Power Grids 2021. All rights reserved 16